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Marshall Field and Company
Firm founded 1865

Loop store:
111 North State Street
Built 1893, 1902, 1906, 1915
Architect: Daniel H. Burnham and Company

Chronology of Notable Events

1859Marshall Field, born in Massachusetts, arrives in Chicago at the age of 22.
 
1860Field becomes a junior partner in the Cooley, Farwell and Company dry-goods firm.

1865Field and his colleague, Levi Z. Leiter, acquires a majority interest in a dry-goods store owned by Potter Palmer. The store had been in business since 1852. The new firm operates under the name of Field, Palmer, and Leiter.

1867Potter Palmer sells his share in the firm.

1868Field and Leiter move into a new building owned by Potter Palmer on the northeast corner of State and Washington Streets. (12 October)

1871The Field and Leiter store is destroyed by the Great Chicago Fire. (8-9 October)

1872Field and Leiter open a new, temporary five-story store on the southeast corner of Madison and Market Streets. (25 April)

1873Field and Leiter return to State Street, occupying the five-story Singer Building at their old location on the northeast corner of State and Washington Streets. (9 October)

1877A nighttime fire destroys the new store on State Street. The business establishes temporary quarters in the sprawling Exposition Building along Michigan Avenue on the present site of the Art Institute. (14 November)

1878Field and Leiter moves into a new location along Wabash Avenue between Madison and Monroe. (11 March)

1879The store returns to its former location at State and Washington Streets, occupying a newly built Singer Building. (28 April)

1881Field and Leiter end their partnership of 16 years and the firm takes the name of Marshall Field and Company.

1882Field's becomes the first big department store in Chicago to install electric light fixtures.

1887Field's opens a massive, new building to house its wholesale operations. Designed by Henry Robson Richardson, the building occupied the entire city block bounded by Adams, Quincy, Wells, and Franklin Streets. (20 June)

Field appoints Harry Selfridge to run the firm's growing retail store.

1888Field expands the State Street retail store by acquiring two five-story buildings to the north of the original store.

1890The store creates a new social tradition among Chicago women by opening a new tearoom with fifteen tables on the third floor. (14 April)

1893Field expands the retail store again with the opening of the new, nine-story Annex on the northwest corner of Wabash and Washington Street.

1898The mansard roof of the old Singer Building is removed and three additional floors added.

1900After acquiring the Central Music Hall on the southeast corner of State and Randolph Streets, as well as the buildings north of the Annex on Wabash, Field launches a massive rebuilding program for the retail store.

1906Field dies of pneumonia in New York City. (16 January)

John G. Shedd, head of the firm's wholesale division, becomes the new president of Marshall Field and Company.

1907A week-long, grand-opening celebration heralds the completion of the firm's new, twelve-story retail store. (30 September)

1914Field's expands to encompass an entire city block with the addition of a new, twelve-story building on the southwest corner of Wabash and Randolph Street.

Field's Store for Men opens in a new building on the southwest corner of Wabash and Washington Streets. It is connected to the rest of the store by a tunnel beneath Washington Street. (26 March)

1923James Simpson succeeds Shedd as president of the company.

Field's purchases A. M. Rothschild and Company, a discount department store located at State Street and Jackson Boulevard, for $9 million. It is renamed The Davis Store. (29 December)

1928-29Field's opens its first branch stores, located in Lake Forest, Evanston, and Oak Park, Illinois.

1929Field's purchases the Frederick and Nelson department store in Seattle, Washington. (14 June)

1930Field's opens its massive Merchandise Mart in an effort to revive slumping wholesale activity. (6 August)

1932As the Great Depression hits, Field's sees its first money-losing year with a $100,000 deficit.

1941Field's opens its exclusive 28 Shop, which sells designer clothes for women.

1943Hughston M. McBain becomes president of the company.

1945Field's sells the money-losing Merchandise Mart to Boston financier and political patriarch Joseph P. Kennedy.

1955Park Forest, Illinois store opens.

1956Old Orchard shopping center store opens in Skokie, Illinois.

1959Mayfair Mall store opens in Wauwatosa, Wisconsin.

1962Oak Brook, Illinois store opens.

1966River Oaks shopping center store opens in Calumet City, Illinois.

1971Woodfield Mall store opens in Schaumburg, Illinois.

1973New stores open at Hawthorn shopping center in Vernon Hills, Illinois and Cherry Vale shopping center in Rockford, Illinois.

1975New stores open at Fox Valley Mall in Aurora, Illinois and Water Tower Place on North Michigan Avenue in Chicago.

1976Orland Square store opens in Orland Park, Illinois.

1978Louis Joliet Mall store opens in Joliet, Illinois.

Field's State Street store is added to the National Register of Historic Places.

1979Field's opens its first Texas store at Houston's Galleria shopping center.

1980Field's acquires the 23-store J.B. Ivey & Company department store chain based in Charlotte, North Carolina.

1981Stratford Square store opens in Bloomingdale, Illinois.

1982Tobacco conglomerate Batus Industries, Inc. purchases Field's for approximately $365 million.

1987-92Field's State Street store undergoes an extensive, $115 million renovation that includes a basement-level makeover and construction of a new, eleven-story atrium in what had been an alley and mid-store light shaft.

1990Minneapolis-based retailer Target Corporation, then known as Dayton Hudson Corporation acquires Field's and its subsidaries for $1.04 billion.

1995Northbrook Court store opens in Northbrook, Illinois.

2004Target Corporation sells off Marshall Field's to May Department Stores Company for $3.2 billion.

2005Cincinnati-based Federated Department Stores Inc. gains ownership of Field's through its acquisition of Field's parent company, May Department Stores.








Marshall Field and Company History



Page authored: 13 May 2006


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